iSeeCars.com, an automotive data and research company, has analyzed millions of car transactions to come up with a list of real used car bargains. They tabulated 2.8 million new cars sales from model year 2015, and more than 1.3 million recently sold used cars from the same model year over a similar period of a few months.
With all of this data, they’ve worked out that the average depreciation a car goes through in three years’ time is of 35%.
As you can imagine, there are some vehicles that retain their value longer but what’s interesting for we poor souls without money that desperately want to look loaded is that BMWs and Mercedes can be well within reach after only 36 months.
The top 5 cars that have a higher depreciation than 35% includes the Ford Taurus at 49.7% in 5th position (nobody cares), the BMW 3 Series at 49.8% in 4th (tempting), the Mercedes E-Class at 49.9% in 3rd (a $60,000 E 63 AMG wagon? Yes please!), the Volkswagen Passat at 50.7% in 2nd (meh…) and the biggest loser for us winners, the BMW 5 Series at 52.6%.
The high rate of leased luxury cars, which lowers the demand, explains in large part explains the final results.